The Wallace Trading Method

Trades Update: 3:37pm pst

eur: Sell 2 ml 1.27669 ~ Sell 2 ml 1.30863
gbp: Sell 2 ml 1.48318 ~ Sell 2 ml 1.51824
> aud: Sell 2 ml 0.91975 C 0.90678 $259.40 ~ Buy 0.90688
> nzd: Sell 2 ml 0.78516 C 0.77897 $123.80 ~ Buy 0.77918
> cad: Sell 2 ml 1.03870
> chf: Sell 2 ml 0.94576
> jpy: Sell 2 ml 99.278
 
for Tuesday July 16/13 ~ 5:30pm pst

Currencies: anytime between now and the Wednesday testimony I may close all
positions, I'm expecting the $ to drop some more

eur: Sell 2 ml 1.27669
Sell 2 ml 1.30863 C 1.30423 $88.00
> hedge Buy 2 ml 1.30441
gbp: Sell 2 ml 1.48318
Sell 2 ml 1.51824 C 1.50914 $182.00
> hedge Buy 2 ml 1.50936
aud: Buy 0.90688
nzd: Buy 0.77918
cad: Sell 2 ml 1.03870
chf: Sell 2 ml 0.94576
jpy: Sell 2 ml 99.278

es: Sell 1678
..................
gc: Sell same
cl: Buy same, still a lot of upside available
ng: Sell same
.................
notes:
 
'if in doubt stay out' ~ otherwise good trading to you

for Wednesday July 17/13 ~ 3:48pm pst

Currencies: closed and opened new trades. may close them before going to bed or
probably in the morning

eur: Sell 2 ml 1.27669 ~ Sell 2 ml 1.30863 C 1.30423 $88.00
Buy 1.30441 C 1.31213 $154.40
> Sell 1.31549
gbp: Sell 2 ml 1.48318 ~ Sell 2 ml 1.51824 C 1.50914 $182.00
Buy 1.50905 C 1.50888 (-$3.40)
> Sell 2 ml 1.51482
aud: Sell 2 ml 0.91975 C 0.90678 $259.40
Buy 2 ml 0.90688 C 0.92150 $292.40
> Sell 2 ml 0.92472
nzd: Sell 2 ml 0.78516 C 0.77897 $123.80
Buy 2 ml 0.77918 C 0.78652 $146.80
>Sell 2 ml 0.78853
cad: Sell 2 ml 1.03870
chf: Sell 2 ml 0.94576
jpy: Sell 2 ml 99.278

es: Sell 1678 C 1667 $546.48 net
will Sell again later
..................
gc: Sell same
cl: Buy same, could be topping or resting till after Dr B
ng: Sell same
.................
notes: getting hotter
 
for Thursday July 18/13 ~ 3:30pm pst

Currencies: not settled yet and might not be till next week

eur Sell 1.31549 C 1.31289 $52.00
Sell 1.31612 1.30934 $89.40
gbp Sell 2 ml 1.51482 C 1.5219 (-$141.60 )
Sell 2 ml 1.52501 C 1.5179 $142.20
aud Sell 2 ml 0.92472 C 0.91995 $95.40
nzd Sell 2 ml 0.78853 C0.78533 $64.00
cad: Sell 2 ml 1.03870 C 1.03712 $30.47
chf: Sell 2 ml 0.94576 C 0.93784 $168.90
jpy: Sell 2 ml 99.278 C 99.188 $18.15

aud Buy 0.92038
eur may Buy later
gbd Buy 1.51807
nzd Buy 0.78890
cad may Sell later
chf may Sell later
jpy may Sell later

es: may Sell later. looks like it could be going to drop but looks are deceiving
..................
gc: Sell same break or bounce 1251
cl: Buy same gotta break out and up
ng: Sell same justa hangin in there but . . .
.................
notes: humidity, wind, cooler. not only do they ride up a mountain, they ride up it twice
Stage 18 Gap / Alpe-d'Huez 172.5KM
 
Tuesday seems to be lighting up

for Friday July 19/13 ~ 3:28pm pst

Currencies: still processing, Tuesday ?

aud Buy 2ml 0.92038 C 0.92258 $44.00 ~ maybe Sell
eur may Buy 2 ml 1.30826
gbd Buy 2 ml 1.51807 C 1.52096 $57.80
Buy 2 ml 1.51901
nzd Buy 2 ml 0.78890 C 0.78999 $21.80 ~ maybe Sell
Buy 2 ml 0.78722 C 0.78848 $25.20
cad Sell 2 ml 1.04161
chf Sell 2 ml 0.94574
jpy Sell 2ml 100.265 C 100.376 (-$22.12)

es: expecting a bit more downside. a top may be in but a reversal formation may start
and last till Tuesday so a Buy may be entered today
es:Sell 1687 C 1680 $346.48 tot: $892.96
..................
gc: Sell same break or bounce 1251
cl: Buy same more upside expected
ng: Buy the 3.58 level held and the rally's first target is 4.08
.................
notes: Frenchman Christophe Riblon won yesterday's Stage 18 on the anniversary date
of Le Tour 100
 
aud
eur Buy 2 ml 1.30826 C 1.31097 $54.20
eur Buy 8 ml (2 hedge 6 margin) 1.30965 C 1.31467 $401.60
gbd Buy 2 ml 1.51901 C 1.52213 $62.40
gbp Buy 8 ml (2 hedge 6 margin) 1.52083 C 1.52744 $528.80
nzd
cad Sell 2 ml 1.04161 C 1.03662 $96.27
chf Sell 2 ml 0.94574 C 0.94130 $94.34
jpy Sell 2 ml 100.479 C 99.927 $110.48

Trading Margin ROI ~ Wk 7: trades Monday July 15 to Friday July 19 Close
includes closed and current open trades, adjusted running profit or loss
. . . . . . . . . . . . . profit / loss . . . . roi % . . . initial margin
fx pairs: . . . . . . . $6,782.21 . . . . 260.78 . . . . $2,600.68

for Monday July 22/13 ~ 1:45pm pst

Currencies: the $ is probably going to continue down for another 2 weeks, break the
82 level and hit 81.5 , putting us into August. however, the previous drop from 84.60
took the price down to around 80.70 in a similar period of time, so it's possible the
price could also drop that low and as quickly

aud Sell
eur short term Sell, then Buy
gbd Sell - 1.5170 ? 1.51 ??? then Buy
nzd Sell
cad Sell
chf Sell
jpy toughie, bucking the trends, 101.37 again ? but a Sell

es: my suspicion there'll be a downleg correction remains and is linked to Tuesday
as the day to be aware of. correction formation don't have to be symmetrical so this
leg can be higher, likewise it doesn't mean the downleg will drop to 1555 again for
the es, probably wouldn't. the alternate is the price continues to rally into September
and the possible qe change

es: cautious Buy
es: Buy 1676 C 1680 $196.48 ~ es: Sell 1680 C 1677.50 $121.48
current profit / loss: $1407.40

..................
gc: long term, Sell. looks like it's going for the 1320s
cl: Buy see if it cracks 110.55 next H would be 114.83 , could run into August
ng: may have topped - Sell
.................
notes: c'est fini
 
Tuesday - Wednesday caution ? for lack of a better word

for Tuesday July 23/13 ~ 4:01pm pst

forgotten about these trades until last Friday when I updated the roi, losses included
the trades could have remained open until the $ turned, but the losses which would
have kept increasing reduces the amount of trading margin available, so Cd 'em
jul 9 eur Sell 2 ml 1.27669 C 1.31437 (-$753.60)
jul 9 gbp Sell 2 ml 1.48318 C 1.52650 (-$866.40)
didn't think till after, should have just traded the gbp
jul 22 eur Sell 6ml 1.31619 C 1.31437 $109.20
jul 22 gbd Sell 8ml 1.52922 C 1.52650 $217.60
jul 22 eur Buy 6 ml 1.31462 C 1.32084 $373.20
jul 22 gbd Buy 8 ml 1.52657 C 1.53706 $839.20

Currencies: have increased the ml quantity of the eur and gbp as these have the
largest $ value. will probably enter new trades during the session

aud Sell - oops ! - BUY 2 ml
eur Sell 4 ml 1.31972 C 1.31836 $54.40
eur Buy 4 ml 1.31835
gbd Sell 5 ml 1.53699 C 1.53520 $89.50
gbd Buy 5 ml 1.53583
nzd Sell - oops ! - BUY 2 ml 0.79659
cad Sell 2 ml
chf Sell 2 ml
jpy Sell 2 ml 99.558

es: target price 1700 , although still thinking about correction
es: cautious Buy
..................
gc: long term, Sell. Buy looks like it's going for 1392/1414
cl: Buy - top or correcting ?
ng: Sell correcting and still on the way down
.................
notes: what baby ?
 
EUs flashes including one US

for Wednesday July 24/13 ~ 5:10pm pst

aud Sell 2 ml 0.92713 C 0.92371 $68.40
eur Buy 4 ml 1.31835 C 1.32159 $129.60
gbd Buy 5 ml 1.53583 C 1.53700 $58.50
gbd Sell 5 ml 1.53711 C 1.53325 $193.00
gbd Buy 5 ml 1.53313 C 1.53891 $289.00
cad Sell 2 ml 1.03342 C 1.02884 $89.03

Currencies: $'s D has hit the 50 correction level so if it has an up day, no surprise eh
but could drop later

aud 2 ml Buy has to break 0.9344 to continue higher, otherwise Sell
eur 4 ml could correct, 1.3163 ? C down day ? watch out for flashes start at 3am est
and 2 min early releases, as is the * US PMI at 9am est
gbd 5 ml similar to eur, hit 61 retrace C below, higher ?
nzd Buy 2 ml 0.79659 looking for 0.8100
cad 2 ml may close up
chf Sell 2 ml 0.93585 on a fibo but will keep the trade
jpy Sell 2 ml 99.558 on a fibo but will keep the trade

es: could base then run up again to the 1691 level, start a sideways correction that
forms a right shoulder of an H&S, that might start to drop in the eu session, or, run up
to 1691 but soon after start down, or the price could continue to drop. * see eur above
es:jul 23: Sell 2 1694.50 C $1687.00 $742.96
Sell 2 1691.50
..................
gc: long term Sell. Buy, same
cl: Buy, same
ng: Sell, same
.................
notes: getting hotter
 
Claims, maybe down a bit

for Thursday July 25/13 ~ 3:42pm pst

eur Sell 8 ml 1.32365 C 1.31811 $443.20
gbp Sell 8 ml 1.53653 C 1.52945 $566.40
nzd Buy 2 ml 0.79659 C 0.79992 $66.60
nzd Sell 2 ml 0.80003 C 0.79400 $120.60
chf Sell 2 ml 0.93585 C 0.93534 $10.91
jpy Sell 2 ml 99.558 C 99.656 (-$19.67)
jpy Buy 2ml 99.655 C 100.278 $124.25

Currencies: $'s had it's run-up but I don't expect it to stay up, maybe a late turn down

aud: it's been a Sell but held a 61 , not sure if it'll drop or rally, bias Sell
eur: expecting one more run, maybe a new high, maybe just a reversal formation
> > eur: Sell 1 Lot 1.32003
gbp: hanging between fibo levels, will wait for confirmation before entering a trade but
Sell biased
nzd: maybe doing a reversal but still looking up
cad: could turn down from here, Sell ?
chf: up to 0.9405 again ? then a Sell ?
jpy: still rising, a Sell but not yet

es: the price dropped to an intermediate fibo's 61 and rallied to its 38
from my 'correction pov' there should be more downside which could begin anytime
from now or the next 4H bar. Dow a bit different could go to 1551 implying the es to
around 1686 before a drop is begun, but higher than those numbers negates a Sell

Sell 2 1691.50 C 1687 $442.96
Sell 4 1692.50 C 1683 $1885.92
Sell 4 1685 C 1677.50 $1485.92
Buy 4 1678 C 1681.50 $685.92
Sell 4 1681.50 C 1679 $485.92
Buy 8 1681.50 C 1684 $971.84
..................
gc: long term Sell. could be a profit taking correction, resting on a 50
cl: may have topped, could have a reversal up correction, otherwise a Sell
ng: Sell, same
.................
notes: slightly hotter
 
for Friday July 26/13 ~ 3:20pm pst

changes: will concentrate on trading the eur and gbp but not the other pairs, but will
continue with B/S analysis of them. the exception would be if I believed there was a
major trend change I might enter a trade, depending on what the eur and gbp were
doing at the time and margin available
moved to L - lots

Currencies: the $'s broken thru the 50 and continuing it's way Down

eur Buy 1 Lot 1.32215 C 1.32859 $644.00
gbd Buy 1 Lot 1.53143 C 1.54189 $1,046.00

eur: as yesterday, may come off to 1.3259 area, still a Buy - later
> eur Sell 1 Lot 1.32003 posted in error, no trade entered
gbp: Buy - already ?
..................
aud: changing the bias to Buy and looking for 0.9512
nzd: still looking up, Buy
cad: Sell
chf: Sell
jpy: Sell
..................
es: I don't expect the price to continue higher, I believe the top is in and the correction
has begun, it's all Down from here, of course I could be wrong so I'll keep a close watch
on my Sell

Sell 10 1685.50

Sell 10 1683.25 C 1675.50 $3,839.80
Buy 10 1677.50 C 1683.75 $3,089.80
tot: $14,295.48 jul25
..................
gc: long term Sell. Buy back on, up and thru the 50
cl: bounced a long term ml and up, cautious Buy is back on
ng: Sell, same, should break the 3.58
..................
notes: tgif, have a good one
 
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